Insurance Australia Group Limited (OTCMKTS:IAUGY) Short Interest Update

Insurance Australia Group Limited (OTCMKTS:IAUGY) was the recipient of a large decrease in short interest in the month of August. As of August 14th, there was short interest totaling 3 shares, a decrease of 98.0% from the July 30th total of 152 shares. Based on an average trading volume of 150 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the company’s stock are sold short.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. The Goldman Sachs Group upgraded Insurance Australia Group to a “buy” rating in a research note on Wednesday, June 24th. Zacks Research raised Insurance Australia Group to a “hold” rating in a research note on Tuesday, May 19th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

Insurance Australia Group Price Performance

Shares of Insurance Australia Group stock remained flat at $30.45 during trading on Tuesday. 33 shares of the company traded hands, compared to its average volume of 136. The business’s 50 day moving average price is $28.71 and its two-hundred day moving average price is $26.91. Insurance Australia Group has a 52 week low of $21.58 and a 52 week high of $30.71.

About Insurance Australia Group

Insurance Australia Group (OTCMKTS:IAUGY) is a leading general insurance underwriter headquartered in Sydney, Australia. The company provides a broad range of personal and commercial insurance products, including home, motor, travel, business and liability coverage. IAG serves individual policyholders, small to mid-sized enterprises and large corporate clients through a diversified distribution network of brokers, direct sales, affinity partnerships and digital channels.

Formed in 2000 through the merger of several Australian and New Zealand insurers, IAG has since grown to become the largest general insurer in its home markets.